Last week finews.asia reported on the departure of one of UBS' top bankers in Asia Joseph Chee, who is said to have resigned to start his own fund. The Swiss bank has now made a senior hire in its Japanese unit.
James Malcolm has been hired by UBS Global Research as Japan Chief Economist, according to a report from «Bloomberg». He is expected to join UBS Global Research on January 23.
In the new role Malcolm will replace Daiju Aoki, who is said to have moved over to a new role within the wealth management unit. Malcolm joins UBS from from global macro hedge fund Caxton Associates where he was an investment strategist.
Nine Years at the Cabinet Office
Prior to that role he was a foreign exchange strategist with Deutsche Bank. Earlier in his career Malcolm held the roles of Head, FX and Rates Strategy and Senior Economist at J.P. Morgan including two years in Singapore and over three years in Tokyo.
Aoki had held responsibility for the views on Japanese macro economy, policy and financial market, and advised clients. He joined UBS Securities Japan in August in 2010.
Prior to UBS, he spent nine years at the Cabinet Office in Japan as an economist, responsible for constructing macro econometric models for governmental officials’ mid-long term economic and fiscal projection and for policy planning.
